Sebi has defended the new Closing Auction Session (CAS), saying it offers better price discovery and execution certainty than the earlier VWAP-based system. The regulator said CAS aligns Indian markets with global practices and aims to reduce price disruption. Traders, however, remain concerned about unpredictable closing prices and risk management.
Sebi has defended the new Closing Auction Session (CAS), saying it offers better price discovery and execution certainty than the earlier VWAP-based system. The regulator said CAS aligns Indian markets with global practices and aims to reduce price disruption. Traders, however, remain concerned about unpredictable closing prices and risk management.
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